At Home Group (HOME) Downgraded by ValuEngine to Sell

At Home Group (NYSE:HOME) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

A number of other research firms have also weighed in on HOME. Goldman Sachs Group raised At Home Group from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $41.00 to $39.00 in a research report on Monday, October 1st. Zacks Investment Research lowered At Home Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 5th. Jefferies Financial Group assumed coverage on At Home Group in a research report on Tuesday, August 21st. They set a “buy” rating and a $45.00 price objective on the stock. TheStreet lowered At Home Group from a “b-” rating to a “c+” rating in a research report on Tuesday, September 4th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $42.00 price objective on shares of At Home Group in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $38.60.

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Shares of NYSE HOME opened at $20.41 on Thursday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 1.34 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.08 and a current ratio of 0.89. At Home Group has a 52-week low of $20.20 and a 52-week high of $40.97.

At Home Group (NYSE:HOME) last announced its earnings results on Thursday, December 6th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The company had revenue of $267.20 million for the quarter, compared to analyst estimates of $265.38 million. At Home Group had a return on equity of 7.43% and a net margin of 2.64%. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 earnings per share. Analysts predict that At Home Group will post 0.75 earnings per share for the current fiscal year.

In other news, Director Philip L. Francis bought 10,000 shares of the stock in a transaction that occurred on Wednesday, October 24th. The stock was purchased at an average price of $26.50 per share, for a total transaction of $265,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Starr Investment Holdings, Llc sold 4,591,824 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $33.11, for a total transaction of $152,035,292.64. The disclosure for this sale can be found here. Insiders have sold 4,597,008 shares of company stock worth $152,207,453 in the last ninety days. Corporate insiders own 7.25% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. US Bancorp DE grew its stake in shares of At Home Group by 116.1% during the second quarter. US Bancorp DE now owns 3,015 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,620 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of At Home Group by 56.4% during the third quarter. Glenmede Trust Co. NA now owns 4,980 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 1,795 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of At Home Group by 29.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 8,763 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 1,980 shares in the last quarter. Engineers Gate Manager LP grew its stake in shares of At Home Group by 15.7% during the second quarter. Engineers Gate Manager LP now owns 15,355 shares of the financial services provider’s stock worth $601,000 after purchasing an additional 2,086 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of At Home Group by 123.8% during the second quarter. Legal & General Group Plc now owns 4,311 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 2,385 shares in the last quarter. Hedge funds and other institutional investors own 80.80% of the company’s stock.

At Home Group Company Profile

At Home Group Inc operates home decor superstores in the United States. The company's stores offer approximately 50,000 items, such as accent furniture, mirrors, patio cushions, rugs and wall arts, artificial flowers and trees, bedding and bath products, candles, garden and outdoor décors, holiday accessories, home organization products, pillows, pottery, vases, and window treatments.

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